The Audit Committee of the FINRA Board of Governors engaged Lowenstein Sandler LLP to conduct an independent review in connection with a Fulton County, Georgia Superior Court decision vacating an arbitration award in favor of respondent Wells Fargo Clearing Services, LLC. The Court of Appeals of Georgia reversed the Fulton County, Georgia Superior Court decision finding no evidence of an agreement between Wells Fargo and FINRA. Furthermore, the Court of Appeals of Georgia found nothing that indicated Wells Fargo manipulated the arbitrator pool in the subject arbitration.
I do NOT desire any changes by regulators that impeded my ability to invest, especially these listed below that require me to: Pass a regulator-imposed test of my specialized investment knowledge Demonstrate a high net worth Get special approval from my broker Attest to reading certain materials Go through cooling off periods during which you cant invest
I say leave leave what we have alone.Enough is Enough
Just please do the right thing
To Whom It May Concern:
I want to express my concern against for the proposed regulation that would limit or eliminate my ability in invest the leveraged and inverse ETFs which I currently have in my portfolio that I personally manage. I have used these effectively for years to grow my wealth and therefore:
> I, not regulators, should be able to choose the public investments that are
I cannot state how much I am opposed to excessive regulations taking away my freedom to invest as I so chose. I utilize put options on these types of leveraged funds such as UPRO and TQQQ to acquire shares tied to the S&P and Nasdaq at a very advantageous price and then sell covered calls against the shares once obtained. I can make upwards of 5% on my money each month with
I think that I should be able to make my own investment decisions without further regulations from Big Brother. The sponsors of leveraged and inverse funds are required to make numerous disclosures regarding risks of the funds as well as how they operate. It is the responsibility of an investor to read and understand these disclosures. If he doesn't do that he can choose not to invest
It's our American right to invest
Don't change the law
We are well aware of the risks.We don't need regulators making decisions for us.